When you close on a home one of the documents you will be asked to review at the closing table is a document referred to as a “title commitment.” It is one of the most important documents in the real estate closing process. Without a title commitment a bank will not lend you money to purchase the property. They want to know the risks upfront prior to agreeing to fund the purchase. Moreover, they will want to reduce that risk even further by insuring the transaction itself through what is known as “title insurance.” Insurance companies are just like banks; they don’t want to take on any unnecessary risks. And won’t issue a title insurance policy without knowing the risk factors involved.